Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:
DRI)(OTCQX: DRIFF)(FRANKFURT: DO5) announces receipt of additional
Cobrecon rock sampling results from Minera Afrodita. Reconnaissance
chip sampling of mineralized rocks at Cobrecon confirms the
presence of porphyry mineralization of significant grade, with rock
samples grading up to 0.63% copper and 0.48 g/t gold. Dorato has a
right to acquire 100% of Minera Afrodita.
Cobrecon Drill Target Rock Samples
In detail, three wide-spaced samples located over 60-metres
laterally assayed between 0.11% and 0.23% copper over 2 to 3
metre-long representative chip samples. Approximately 300 metres
northwest another rock chip sample assayed 0.19% copper over 2
metres. Another sample 300 metres farther north, on the ridge,
returned 0.63% copper and 0.48 g/t gold.
Cobrecon is one of two separate copper-gold porphyry targets in
the area. One drill rig is being mobilized for the initial phase of
drilling and a total of four initial holes will be drilled to
evaluate potential mineralization at depth (To view Figure 1,
please visit the following link:
http://media3.marketwire.com/docs/dria408.pdf). Drill platforms
will also be constructed on the adjacent ridges to test the
strongest parts of the copper-gold soil anomaly. Additional rock
sampling of the creeks to the southeast, as well as the pending
soil samples, will continue to further define the target during
drill testing. Detailed mapping is ongoing in conjunction with
drilling.
Geophysical data followed-up with stream and then soil
geochemical sampling, together with geological mapping, are the
primary target-generation tools being used in the Cordillera del
Condor. With belt-wide geophysical surveys now complete, surface
sampling and mapping will quickly define additional drill
targets.
The majority of soil results for Cobrecon have now been
received. Copper-in-soil ranges from 2 ppm to 5,046 ppm (0.50%) -
highly anomalous by comparison with normal levels of copper in
soil. Molybdenum, considered immobile and a reliable indicator of
subsurface mineralization, ranges from less than 1 ppm to 43 ppm.
Zinc, which is anomalous over the interpreted skarn, is depleted
over the porphyry target, which is typical of productive porphyries
in the region.
Cobrecon Sur Porphyry Target
Initial soil sample results have been received at Cobrecon Sur
(To see Figure 2, please visit the following link:
http://media3.marketwire.com/docs/drib408.pdf) reaching only the
southern limits of the porphyry target, but most are still pending.
Cobrecon Sur isa broad magnetic low coincident with silt anomalies
in copper, molybdenum, and zinc. Surface mapping has revealed a
large area of quartz vein stockwork and associated chalcopyrite
(copper) mineralization hosted by diorite and tonalite. Rock sample
and soil sample results are pending and will be released in due
course.
Lucero Laboratory Overlimts - Final Results
Laboratory overlimits have been received for drill core samples
from Lucero drillhole LUC-021 (previous news release NR11-04).
Drillhole LUC-021 returned 1.26 g/t gold and 0.89% copper from
surface to 28 metres (previously reported as 0 to 28 metres grading
1.26 g/t gold and 0.63% copper). The receipt of re-assayed
over-limits confirms and increases the grade intersected in the
drillhole. Mineralization is open to the west where results from
drillholes LUC-022 and LUC-023 are pending.
Cordillera Del Condor Background
The Cordillera del Condor has been one of the most important
gold-bearing areas in Ecuador and Peru since pre-Incan times. On
the Ecuador side of the border, historical high-grade, small scale
gold production is reported to have exceeded 100,000 oz per
year.
Modern exploration on the Ecuadorian side of the border has
resulted in the discovery of multiple, significant and world-class
gold and base metal-bearing districts, such as Kinross Gold Corp.'s
Fruta del Norte Gold deposit with an inferred resource of 13.6
million contained ounces of gold averaging 7.23 g/t gold), the
Mirador Copper-Gold porphyry deposit (recently sold by Corriente
Resources Inc.) with measured & indicated resources of 438
million tonnes at 0.61% copper, 0.19 g/t gold plus inferred
resources 235 million tonnes at 0.52% copper, 0.17 g/t gold, and
the Mirador Norte Copper-Gold porphyry deposit (indicated 171
million tonnes at 0.51% copper, 0.09 g/t gold; inferred 46 million
tonnes at 0.51% copper, 0.07 g/t gold), and Dynasty Metals &
Mining Inc.'s Jerusalem Gold deposit in the Chinapintza district
with measured & indicated resources of 0.58 million contained
ounces gold at 12.4 g/t gold plus an additional 0.71 million ounces
inferred contained ounces averaging 11.5 g/t gold). The technical
information with respect to the above deposits was obtained through
the respective companies' public disclosure documents available on
SEDAR.
Qualified Person
John Drobe, P.Geo., Dorato's Vice President of Exploration and a
qualified person as defined by National Instrument 43-101, has
reviewed the scientific and technical information that forms the
basis for this news release. Mr. Drobe is not independent of the
Company as he is an officer and a shareholder.
The results of the geophysical survey have been reviewed by
Brian Williams, consulting geophysicist, who checked data quality
during data acquisition and assists with ongoing
interpretation.
The geochemical results were reviewed by Tansy O'Connor-Parsons,
Senior Geochemist. Minera Afrodita on-site personnel rigorously
collect and track samples which are then security sealed and
shipped to ACME Laboratories, Lima, Peru for assay. ACME's quality
system complies with the requirements for the international
standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and
precision are monitored by the analysis of reagent blanks,
reference material and replicate samples. Quality control is
further assured by the use of international and in-house standards.
Blind certified reference material is inserted at regular intervals
into the sample sequence by field personnel in order to
independently assess analytical accuracy. In addition,
representative blind duplicate samples are routinely forwarded to
ACME and an ISO-compliant third party laboratory for additional
quality control.
About Dorato Resources Inc.
Dorato Resources Inc. is mineral exploration company focused on
the highly prospective Cordillera del Condor Gold District in
northern Peru and adjacent to the border with Ecuador - one of the
most important gold-bearing districts in the region since pre-Incan
times. Dorato, through a series of option agreements has the right
to wholly acquire an extensive land package of approximately
1,050-square-kilometres - providing the Company with the largest
land position in the Cordillera del Condor and a highly strategic
position in this emergent gold district. Dorato is well funded and
possesses experienced management with a proven track record.
On behalf of the board of directors of
DORATO RESOURCES INC.
Keith Henderson, President & CEO
Cautionary Statement
This press release contains "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and "forward looking information" within the
meaning of the British Columbia Securities Act and the Alberta
Securities Act. Generally, the words "expect", "intend",
"estimate", "will" and similar expressions identify forward-looking
information. By their very nature, forward-looking statements are
subject to known and unknown risks and uncertainties that may cause
our actual results, performance or achievements, or that of our
industry, to differ materially from those expressed or implied in
any of our forward looking information. Statements in this press
release regarding Dorato's business or proposed business, which are
not historical facts are forward-looking information that involve
risks and uncertainties, such as estimates and statements that
describe Dorato's future plans, objectives or goals, including
words to the effect that Dorato or management expects a stated
condition or result to occur. Since forward-looking statements
address events and conditions, by their very nature, they involve
inherent risks and uncertainties. Actual results in each case could
differ materially from those currently anticipated in such
statements. Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date they
are made. All of the Company's Canadian public disclosure filings
may be accessed via www.sedar.com and readers are urged to review
these materials, including the technical reports filed with respect
to the Company's mineral properties. The foregoing commentary is
based on the beliefs, expectations and opinions of management on
the date the statements are made. The Company disclaims any
intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Dorato Resources Inc. Steve Stakiw Manager - Corporate
Communications 604-638-5817 Dorato Resources Inc. Michael Pound
Manager - Investor Relations 604-638-5817 604-408-7499 (FAX)
info@doratoresources.com www.doratoresources.com
Xiana Mining, Inc. (TSXV:DRI)
Historical Stock Chart
From May 2024 to Jun 2024
Xiana Mining, Inc. (TSXV:DRI)
Historical Stock Chart
From Jun 2023 to Jun 2024